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We will explain in a simple way the most important information about naturalization in Turkey by real estate investment and the desired benefits for investors, in addition to clarifying the differences between real estate residence and Turkish citizenship.
Read on to get more information
Conditions for naturalization in Türkiye by real estate investment
In order for a foreign investor in the real estate sector in Turkey to obtain Turkish citizenship, some conditions must be met, namely:
That the process of purchasing the property / or group of real estate took place after the date of amending the Turkish Citizenship by Investment Law, which was issued in late 2018
The total price of the properties you own should be at least 250 thousand US dollars, or its equivalent in Turkish lira, depending on the exchange rate in the Central Bank of Turkey
That the undertaking be made after selling the property beyond 3 consecutive years, and this is documented in the Land Registry Department
It is also added to these conditions that the property should not be used before to obtain Turkish citizenship, and that forged documents should not be used in the citizenship application file.
Benefits of Turkish citizenship for real estate investors
Real estate investors are looking for Turkish citizenship because of the many benefits it has, including:
Take advantage of the power of the Turkish passport
Obtaining full citizenship rights in Türkiye
Help you more to settle in Türkiye
Facilitate various legal procedures
The possibility of benefiting the wife and children under the age of 18 and obtaining Turkish citizenship
Access to free health care and education
Does real estate residence in Türkiye replace citizenship?
Of course not sing
It is emphasized that real estate residence has many good advantages, but it does not replace Turkish citizenship, as the difference between them is very large. However, it - that is, real estate residence - may be a good solution for settling in Turkey if you do not have the price of real estate that can nominate you for Turkish citizenship.
As there is no condition for the price of the property in order to obtain real estate residence in Turkey
We hope that we have answered the most important inquiries that you have about naturalization in Turkey through real estate investment, and you can always contact us to obtain more information and to benefit from our various real estate services.
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